All Posts
February 20, 2026
2:37 PM
Thanks! In the meantime I think I've found a cost basis for shares. When I enter that, my deduction is reduced. I believe that now it is saying this is a 30% donation rather than a 50% donation. ...
See more...
Thanks! In the meantime I think I've found a cost basis for shares. When I enter that, my deduction is reduced. I believe that now it is saying this is a 30% donation rather than a 50% donation. I know the residual can be carried over to 2026, do we have to itemize to get that credit in 2026? Sadly, none of the additional information for the limitations really apply to Donor Advised Funds, so it is not that helpful. Your explanation is and confirms I have not placed limitations.
February 20, 2026
2:37 PM
Have you gone all the way through the CO tax return, specifically the retirement section? On the page title Here's the income that Colorado handles differently, the first section is Retirement. Ma...
See more...
Have you gone all the way through the CO tax return, specifically the retirement section? On the page title Here's the income that Colorado handles differently, the first section is Retirement. Make sure you click Start there and go through the interview questions to ensure you are receiving the exclusion on your CO tax return.
If you were at least 55 years old at the end of the year, part or all of your income from your pension, annuity, Social Security or IRA accounts that is taxable on your federal tax return may not be taxed by Colorado.
February 20, 2026
2:35 PM
I had already downloaded the PA state tax program and checked the box that I have lived only in PA. I will go back and double check to see if I failed to do anything else. many thanks. mike
February 20, 2026
2:34 PM
You will have to pay the TurboTax account fees before you can print the tax return.
To pay the TurboTax online account fees by credit card, without completing the 2025 return at this time, clic...
See more...
You will have to pay the TurboTax account fees before you can print the tax return.
To pay the TurboTax online account fees by credit card, without completing the 2025 return at this time, click on Tax Tools on the left side of the online program screen. Then click on Print Center. Then click on Print, save or preview this year's return. On the next page, to pay by credit card, click Pay Now. Complete the credit card section and click on Confirm payment.
February 20, 2026
2:34 PM
On schedule 1A, which calculates the amount you qualify for the additional senior $12K when both parties are over 65 and filing married filing jointly, it appears the final calculation is based on t...
See more...
On schedule 1A, which calculates the amount you qualify for the additional senior $12K when both parties are over 65 and filing married filing jointly, it appears the final calculation is based on the individual $6k x 2 vs the $12K. All dollar amounts that turbo tax uses in the schedule 1A are fro MFJ, but once the phasing calculations are completed, the calculations are subtracted from $6K vs. $12K As an example, MAGI is $226k for 2 seniors over 65. Since this amount is over $150K by $76K x .06 phase out calculations is $4560. I believe the phased out amount should be subtracted from the $12k max, reducing the the overall senior deduction to $7440. HOWEVER, Turbo Tax takes the phased amount $4560 from $6k (the per person amount) or $1440 then multiplies x 2 for total deduction of $2880. The difference in these calculations is $4560 less. Anybody agree or is TT correct?
February 20, 2026
2:31 PM
Topics:
February 20, 2026
2:31 PM
Three issues, 2 solutions.
Follow these steps for the house and land:
Open to your rental summary
Edit/ update Assets/ Depreciation
Go to the asset summary screen
Edit your house
...
See more...
Three issues, 2 solutions.
Follow these steps for the house and land:
Open to your rental summary
Edit/ update Assets/ Depreciation
Go to the asset summary screen
Edit your house
continue
rental real estate, continue
residential real estate, continue
Describe the real estate,
enter total cost of house plus land
enter cost of land
continue
select item was sold, new box to enter date sold, then business use
continue
Confirm prior depreciation
continue
sales information, enter house portion plus sales expenses, enter land portion with sales expenses.
The roof is a separate asset so it must be entered separately. Follow these steps:
Steps 1-7 same as above
8. Describe the real estate- ROOF
9. Enter the cost of the roof, continue
10 select item was sold, new box to enter date sold, then business use
11. continue
12. Confirm prior depreciation
13. continue
14. sales information price zero since it was sold with the house.
The program will separate the purchases and sales you enter to create the house, land, and roof as 3 separate entries for your taxes.
February 20, 2026
2:31 PM
Which account number are you referring to? Was your tax return rejected? Can you provide more details?
February 20, 2026
2:30 PM
When you go to the rental income section of TurboTax the third screen - right after the screen that confirms the address of the rental property - asks "Do any of these situations apply?" The first l...
See more...
When you go to the rental income section of TurboTax the third screen - right after the screen that confirms the address of the rental property - asks "Do any of these situations apply?" The first line is "I sold or disposed of this property in 2025". Click the box next to this and the system will collect all of the data necessary to post the sale of your rental property into your tax return for this year.
February 20, 2026
2:29 PM
1 Cheer
@Opus 17 wrote: @AmeliesUncle I am puzzled/surprised. Section 25C says that each item of qualifying property needs its own QMID, and the QMID must be printed on the property item. The IRS ...
See more...
@Opus 17 wrote: @AmeliesUncle I am puzzled/surprised. Section 25C says that each item of qualifying property needs its own QMID, and the QMID must be printed on the property item. The IRS seems to have decided to identify manufacturers in general, rather than assigning a QMID to each different item the manufacturer produces For 2025, it was scheduled to only have the 4 digit manufacturer number (probably part of some IRS "transition" guidance, but I would need to look that up). For 2026 (before the energy credits were removed) it was scheduled to have the entire number for the specific item.
February 20, 2026
2:29 PM
If you used the desktop version of TurboTax, your tax returns are saved to your PC and not stored on TurboTax servers like TurboTax Online returns are. Check the links below for tips on how to find...
See more...
If you used the desktop version of TurboTax, your tax returns are saved to your PC and not stored on TurboTax servers like TurboTax Online returns are. Check the links below for tips on how to find your previous year's tax file. Did you save a PDF version of the return?
How do I find my tax data file (.tax file) on my Windows computer?
How do I find my tax data file (.tax file) in Mac?
How do I find last year's AGI?
February 20, 2026
2:29 PM
I receive a Pension from Frito Lay and it is managed by Fidelity Investments. I also have a Tradional IRA that is managed by Fidelity. I received 1099's from Fidelity for my regular monthly pension...
See more...
I receive a Pension from Frito Lay and it is managed by Fidelity Investments. I also have a Tradional IRA that is managed by Fidelity. I received 1099's from Fidelity for my regular monthly pension as well as for my IRA withdrawals. I downloaded these documents to Turbo Tax Desktop. The pension amount is included in income on my Federal Return, but is not being subtracted from Income on Colorado Form DR0104AD. Why is this?
February 20, 2026
2:28 PM
My account number for the return was incorrect
Topics:
February 20, 2026
2:28 PM
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of ...
See more...
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents. Click on the Year and Click on Download/print return (PDF)
If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. TurboTax does not store online any returns completed using the desktop editions.
Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript
For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf
February 20, 2026
2:28 PM
1 Cheer
I am also on the desktop version. All it is asking me is if the student used funds to pay loan expenses, then later I can enter books/supplies from the school (required and not required). I don't se...
See more...
I am also on the desktop version. All it is asking me is if the student used funds to pay loan expenses, then later I can enter books/supplies from the school (required and not required). I don't see any difference from 2 weeks ago. Is anyone else having success? It seems that we are still waiting for the Feb 27 update.
February 20, 2026
2:27 PM
Yes, withdrawals from an IRA are taxable income. If you had withholding, that goes on your account as a credit, but your income and taxes are calculated just one time a year on your tax return. If ...
See more...
Yes, withdrawals from an IRA are taxable income. If you had withholding, that goes on your account as a credit, but your income and taxes are calculated just one time a year on your tax return. If you had too much withheld, you get a refund of the excess. But income is income.
Having other taxable income can make your social security benefit partly taxable. And taking more money from your IRA in one year compared to another year increases your income and might affect your eligibility for credit and other benefits.
I can't tell you exactly how your income would affect your spouse's PTC, but the whole PTC system was designed badly in the first place.
February 20, 2026
2:26 PM
@mcrutch6797 OK...I am using the 2025 Premier desktop editions for Windows. When entering a major purchase State of Purchase box only has --Select-- and my state Georgia.
Did you enter your st...
See more...
@mcrutch6797 OK...I am using the 2025 Premier desktop editions for Windows. When entering a major purchase State of Purchase box only has --Select-- and my state Georgia.
Did you enter your state sales taxes before going to major purchase? The state where you lived and the dates you lived there?
February 20, 2026
2:25 PM
How can I get Turbotax online to make an entry in line 3 of PA-41 schedule B? The choices offered all go in line 4. I have dividend income from a US Government Money market fund, and a portion of the...
See more...
How can I get Turbotax online to make an entry in line 3 of PA-41 schedule B? The choices offered all go in line 4. I have dividend income from a US Government Money market fund, and a portion of the dividends are from US obligations, so not taxable in PA. According to the instructions for the form, these are supposed to be listed in line 3, not line 4. Is there a way to manually adjust the entries in this form? Thanks!
Topics:
February 20, 2026
2:24 PM
What a royal pain in the butt - but I got it. My problem was, I deleted the TT2024 program from my W10 computer. I still had my tax2024 file, but it would not import into 2025 on my W11 laptop. ...
See more...
What a royal pain in the butt - but I got it. My problem was, I deleted the TT2024 program from my W10 computer. I still had my tax2024 file, but it would not import into 2025 on my W11 laptop. But, I was able to download last year's TT2024 program, update it, muddle through the total BS about W10 no longer being supported, then pull in last year's return. From there, I checked status - verifying my returns last year were accepted. I then exited, following the prompt to save first. Then I copied this newly updated tax2024 file to my W11 laptop, told TT2025 to start a new return and, as before, it found the tax2024 file. With fingers and toes crossed, I selected the tax2024 file and much to my surprise, it fully imported. Hopefully, this will help others.